Real Property Administration (Assessment and Appraisal)

Program Description

The first semester of the Real Property Administration diploma program acquaints you with introductory subjects in property valuation, financing, and real estate appraisal. Subsequent semesters cover aspects of property law, appraising, municipal taxation and urban planning, property assessment and taxation, automated costing, geographical information systems, statistics and construction techniques. You will receive training in the most up–to–date assessment software used in the industry. You will register into subjects associated with professional designations at an additional cost.

Admission Requirements

Program Eligibility:

• Ontario Secondary School Diploma with a majority of senior credits at the College Preparation(C), University Preparation(U) or University/College Preparation (M) level or Mature Student Status (age 19 or older)
• Grade 12 English: ENG4(C) or ENG4(U)
• Grade 12 Mathematics: (C) or (U) or Grade 11 Mathematics (U) or (M)

Applicant Selection:

• Applicant grades in pre–requisite subjects (or their equivalents) may be used as a basis for the selection of candidates.

Desirable:

• Although not currently required for admission, basic computer skills are suggested.
• Strong English communication skills are required (verbal, written and listening).

The Importance of Learning Skills:

Student success in college requires well developed learning skills (such as being able to work independently, participate in a team, be well-organized, develop good work habits, and show initiative). These skills are as important as prior academic achievement. While it is expected that applicants would have developed these skills through previous education and life experiences, Seneca offers support to assist students with further development of these important skills. Seminars, workshops and tutoring are available at Seneca's Learning Centres.

Fees

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Your Career

Fast–track to a career as an assessor of residential and commercial properties in the public and private sectors. You may also find employment opportunities in insurance companies, appraisal offices, municipalities, corporate tax offices and property tax agent firms as you build your career as a property appraiser, tax agent or leasing assistant.

Recognition

Your career advantage will be enhanced through the portability and recognition of the Seneca diploma in assessment jurisdictions across Canada.

As a student of RPA, you’ll be eligible for professional accreditation with the Institute of Municipal Assessors (AIMA Designation), and with the Appraisal Institute of Canada (CRA Designation) if you’ve completed a university degree. Awards for academic excellence are provided by professional organizations and employers in recognition and support of the program.

Partnerships

Upon graduation, you’ll receive both the Real Property Administration Diploma and a joint Real Property Assessment Certificate from Seneca College and the Real Estate Division of the Faculty of Commerce and Business Administration of the University of British Columbia.

You may also receive valuable industry insight through training and education with organizations such as the Municipal Property Assessment Corporation and the Assessment Review Board.

UBC Certificate Subjects

• RPA112 Appraisal of Real Estate
• RPA115 Mortgage Underwriting
• RPA212 Real Estate Investment Analysis and Advanced Income Appraisal
• RPA304 Advanced Real Property Assessment I
• RPA307 Statistical and Computer Applications in Valuation

A final grade of 'C' is required in each subject.

Field Placement

The RPA program includes a field placement, which you will complete with an employer in the real property industry. The duration and nature of the work placement will vary. It will entail block placements which include the study week. Purchase of a text book may be required for field placement.

To be eligible for FPL 355 you must successfully complete semesters one and two; for FPL 455 you must successfully complete semesters one, two and three.

Diploma to Degree ...and Beyond

Through transfer agreements and institution partnerships, graduates of this Seneca College program may be eligible for credit at the following post-secondary institution(s):

Ontario

Canada

Curriculum

Prior learning experience may be recognized by way of a challenge exam or through documentation of related experience.

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